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At the same time a new class of smaller and more focused "micro" funds is emerging.
These range from "micro funds", with assets of less than $100m, to somewhat bigger ones, such as First Round Capital in Philadelphia, Union Square Ventures in New York and Mosaic Ventures in London.The other end of the financing spectrum, the "late stage", in which companies need cash more than advice, also has lots of new entrants.
I mean, I like global micro funds, I like long/short equity funds.
Across 25 micro funds, AVG is raising and investing upwards of $200 million per year for and in tech startups.
We can expect more of that, as the firm is raising a couple of micro funds aimed at specific markets.
While it raised a $50 million fund in April, it's possible that 500 Startups will do more micro funds for specific regions that it's focused on, like Brazil.
Similar(50)
Engage isn't a micro fund, exactly.
Leading the round for the Washington D.C.-based startup was the micro fund Cervin Ventures.
500 Startups launched '500 Durians' — the micro fund that serves this part of the world — back in May 2013.
Once approved, the Partnership leader can set up either a single-company micro fund, or a traditional multi-company VC fund that gets listed on the FundersClub site.
In fact, today, Amplify, once a micro fund, is taking the wraps off a third fund that it just closed with $200 million.
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